Section Particulars Existing limit Amended Limit Existing Rate Amended Rate
192 Salaries 250000 250000 Avg. Rates
As per slab
Avg. Rates
As per slab
192A Premature withdrawal from EPF 30,000 50,000 10 10
193 Interest on Securities 10 10
194 Dividends 2,500 2,500 10 10
194A
  • Interest by Bank/Co-op Society/Post Office
  • Interest by others
10,000

5,000

10,000

5,000

10

10

10

10

194B Winning from Lotteries 10,000 10,000 30 30
194BB Winning from Horse Race 5,000 10,000 30 30
194C Payment to Contractor/ Sub Contractor/ Advertisement/ Transporter** 30,000/ 75,000 30,000/ 100,000 2* 2*
194D Insurance Commission 20,000 15,000 10 10
194DA Payment in respect of Life insurance policy 100,000 100,000 2 1
194E Payment to Non Resident Sportsmen or Sports Association 20 20
194EE Payments out of Deposits under NSS 2,500 2,500 20 20
194F Repurchase units by MFs 20 20
194G Commission- Lottery 10000 15000 10 5
194H Commission/ Brokerage 5000 15000 10 5
194I Rent- Land & Building, Furniture & Fixtures 180,000 180,000 10 10
194I Rent- Plant & Machinery 180,000 180,000 2 2
194IA Transfer of certain immovable property other than agriculture land 50,00,000 50,00,000 1 1
194J Professional Fees 30,000 30,000 10 10
194LA Compensation on acquisition of immovable property (other than agriculture land) 200000 200000 10 10
194LB Income by way of interest from infrastructure debt fund (Non- Resident) 5 5
194LC Income by way of interest – by an Indian specified company to a non-resident/ foreign co. on foreign currency approved loan/ long term infrastructure bonds from outside India 5 5
194LD Interest on certain bonds & Govt. securities 5 5

 

Note:

  • Rate under section 194C in case of the Individual and HUF would be 1%.
  • In case of non availability of the PAN it would be Maximum rate i.e. 20% and 30% in case of the salary and winning from the lottery, horse races.
  • Surcharge in case of the salary income would be 12%, where income exceeds Rs. 1 Cr.